Ronald Josey, an analyst from Citi, reiterated the Buy rating on Uber Technologies. The associated price target remains the same with $102.00.
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Ronald Josey has given his Buy rating due to a combination of factors that highlight Uber Technologies’ promising growth prospects. The anticipated results for Uber’s second quarter of 2025 are expected to meet or exceed market expectations, particularly in terms of Gross Bookings (GB) and EBITDA. Josey emphasizes the significant growth potential in Uber’s Mobility segment, projecting a year-over-year increase of 20% in Mobility GB, driven by strong trip volumes and strategic expansion into suburban and less densely populated areas.
Additionally, Josey is optimistic about Uber’s strategic partnerships, such as those with Waymo, Lucid, and Nuro, which are expected to enhance Uber’s autonomous vehicle strategy and overall market presence. The analyst also notes the importance of Uber’s Delivery segment, projecting an 18.5% year-over-year growth in GB, and highlights the growing adoption of Uber One with over 30 million members. These factors, along with Uber’s focus on advertising, profitability, and effective use of its balance sheet, contribute to the reaffirmation of the Buy rating and a target price of $102.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $115.00 price target.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBER in relation to earlier this year.